Floor Space Index

The long awaited Mumbai Draft Development Plan (DP) 2014-2034, is in the final stages of approval and is likely to be implemented in 2017. Keeping in line with the national objective of ‘Housing for &#82

Pune‘s quaint bungalows finally give way to high-rises

As cities mature, their skylines start growing vertically and horizontal expansion reduces. The preference of homebuyers to live in high-rises and luxury towers also increases as urban sprawls expand. This transition in Pune, started &#82

Pune‘s new Development Control Regulations: Small projects to benefit more

The Pune Municipal Corporation recently sanctioned the new development control regulations (DCR), which allows for higher floor space index (FSI) in certain categories, in non-congested areas. Small developments are likely to benefit more from &#82

Impact of the new Maharashtra Housing Policy on residential markets in Mumbai

The recently-released Maharashtra State Housing Policy, proposes redevelopment of buildings in 104 layouts of the state-run Maharashtra Housing and Area Development Authority (MHADA) in Greater Mumbai. A developer will be eligible for an FSI &#82

More FSI for Mumbai: Boon or curse for home buyers?

Recently, the Brihanmumbai Municipal Corporation (BMC), proposed to increase the floor space index (FSI) in Mumbai from 1.33 to 2.0. Such an increment, will directly impact the property prices in the area. FSI, also R

Good news for Mumbai developers: BMC proposes uniform FSI

CNBC-TV18's Kevin Lee and Areeb Sherwani find out how developers and industry watchers view these changes.

Cheer for Mumbai developers as BMC plans to cap FSI at 2

South Mumbai currently has a base FSI of 1.3 while the suburbs have an FSI of 1. A higher FSI would benefit the developers as they would be able to construct more on same-sized land plots.

Maha govt mulls disposing unused land to raise addl revenue

Chief Minister Fadnavis recently chaired a meeting to take stock of the state's financial status and discussed measures to raise additional revenue. Finance Minister Sudhir Mungantiwar, Additional Chief Secretary (Finance) Sudhir Kumar Srivastava and other secretaries were present at the meeting.

Mumbai makeover: Higher FSI can erase slums, heritage too

Cyrus Guzder, Founder Member, Citizens for Justice and Peace says an FSI as high as 8 is not the most worrying thing here. It is the manner in which it is being done – the general increase in FSI across Greater Mumbai, where it has been increased from 1.33 or 2 to 3.5 and even up to 6 - that is worrying.

Mahalaxmi Dhobi Ghat to soon see change in scenery

This dhobi ghat is home to around 8,000 slum dwellers and they have voted in favour of surrendering their tenements to Omkar Developers for a redevelopment project.

Realty stocks rise; Maha govt ups premium on additional FSI

It is also under consideration of the government to enhance the rate of premium on grant on all kinds of FSI. These gains in FSI will benefit individuals, but the government does not get benefit of revenue increase in the same proportion.

Prime Property: Maximum city, higher FSI

A new 20-year development plan for Mumbai means not just more buildings but bigger and taller ones. The Brihanmumbai Municipal Corporation (BMC) has revised the floor space index (FSI) for the entire city upto a maximum of 8 but that is likely to make Mumbai even more expensive. Prime Property talks to Ghulam Zia, ED of Knight Frank for details.

State govt may look into uncapping Mumbai FSI

As part of the development review, the Maharashta government is looking at an increase in FSI. The FSI essentially determines how tall a building can be.

Redevelopment in metro cities: A closer look

Anuj Puri of Jones Lang LaSalle India (JLL India) explains the redevelopment pehnomenon in metro cities like Mumbai. He discusses on cluster based redevelopment in areas of Bhendi Bazaar, Mohammad Ali Road and so on.

CBI detains 2 person in connection with Adarsh housing scam

The CBI today detained two persons including an IAS officer for alleged irregularities in granting sanction to multi-crore Adarsh housing society here.

Revised FSI norm will ease new launches: Orbit Corp

Reacting to Maharashtra government's new norms to overhauled the development control regulations to redefine the floor-space-index (FSI), Pujit Aggarwal, managing director of Orbit Corporation said that despite the push in the cost, the move will help realtors to launch new projects sooner.

Blow for developers: Maha govt revises FSI norms for Mumbai

The Maharashtra government has overhauled the development control regulations to redefine the floor-space-index (FSI).

Mumbai suburbs to get 0.33 FSI more on a premium: Chavan

Maharashtra Chief Minister Prithviraj Chavan today said state government has decided to offer an additional 0.33 FSI (floor space index) to real estate developers in the suburbs for a premium.